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(Non-)Keynesian effects of fiscal austerity : new evidence from a large sample
Afonso, António; Alves, José; Huart, Florence - 2021
We empirically assess whether a usually expected negative response of private consumption and private investment to a … HP-based; and iii) the Hamilton (2018)-based. We find that: i) increases in government consumption have a Keynesian … effect on real per capita private consumption; ii) there is a positive effect of tax increases on private consumption when …
Persistent link: https://www.econbiz.de/10012504460
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Fiscal policy and growth : do financial crises make a difference?
Afonso, António; Grüner, Hans Peter; Kolerus, Christina - 2010
In this paper we assess to what extent in the existence of a financial crisis, government spending can contribute to mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel analysis for a set of OECD and non-OECD countries for the...
Persistent link: https://www.econbiz.de/10003983667
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Fiscal Policy and Growth : Do Financial Crises Make a Difference?
Afonso, António - 2012
In this paper we assess to what extent in the existence of a financial crisis, government spending can contribute to mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel analysis for a set of OECD and non-OECD countries for the...
Persistent link: https://www.econbiz.de/10013112392
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Fiscal Policy and Growth : Do Financial Crises Make a Difference?
Afonso, António; Gruener, Hans Peter; Kolerus, … - 2021
In this paper we assess to what extent in the existence of a financial crisis, government spending can contribute to mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel analysis for a set of OECD and non-OECD countries for the...
Persistent link: https://www.econbiz.de/10013316206
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The (non-)Keynesian effects of fiscal austerity : new evidence from a large sample
Afonso, António; Alves, José; Jalles, João Tovar - In: Economic systems 46 (2022) 2, pp. 1-16
Persistent link: https://www.econbiz.de/10013429383
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The monetary transmission mechanism in the Euro Area : has it changed with the EMU? : a VAR approach, with fiscal policy and financial stress considerations
Afonso, António; Silva, António Jorge - 2014
Persistent link: https://www.econbiz.de/10011554780
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The Monetary Transmission Mechanism in the Euro Area : Has It Changed with the EMU? A VAR Approach, with Fiscal Policy and Financial Stress Considerations
Afonso, António - 2014
We study whether the adoption of the Euro and a single monetary policy have brought about a change in the monetary transmission mechanism and between the interactions of monetary policy, fiscal policy and financial stress in the Euro area. We find that the stylized facts of monetary transmission...
Persistent link: https://www.econbiz.de/10013050644
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Fiscal sustainability analysis : the case of PALOP economies
Afonso, António; Leão, Emanuel R.; Tiny, Dilson; … - 2017
Persistent link: https://www.econbiz.de/10011795164
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Sovereign yield spreads in the EMU : crisis and structural determinants
Afonso, António; Leal, Frederico Silva - 2017
Persistent link: https://www.econbiz.de/10011795241
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Bank regulation and sovereign risk : a paradox
Afonso, António; Teixeira, André - 2023
This paper investigates the impact of banking prudential regulation on sovereign risk. We show that prudential regulation reduces sovereign risk and induces governments to spend more. As a result, countries with tight prudential regulation have lower primary budget balances and accumulate more...
Persistent link: https://www.econbiz.de/10014281475